Boston-based equity firm Charlesbank Capital Partners is said to have won an auction to acquire Action Behavior Centers, a therapy provider based in Austin, Texas, that is valued at $840 million, Behavioral Health Business reported Aug. 17.
The deal between Charlesbank and NexPhase Capital, the previous owner of Action Behavior Centers, closed at the end of July, according to the report.
The behavioral health provider offers therapy to children with autism and is projected to earn $60 million annually.
Action Behavior Centers has locations in Texas, Colorado, Illinois, North Carolina and Arizona and is adding more locations in those states, according to the company's website.